Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/69624
Authors: 
Wenzel, Lars
Wolf, André
Year of Publication: 
2013
Series/Report no.: 
HWWI Research Paper 137
Abstract: 
This paper intends to further understanding of catastrophic events by reviewing the economic literature on their effects as well as potential means of dealing with the corresponding risks and uncertainties. Since 2000, the world has seen a number of catastrophes including terrorist attacks in the United States and Europe, tsunamis in Southeast Asia and Japan as well as volcanic eruptions in Iceland. All of these have had significant impacts on human well-being and economic activity beyond the regional level. In an increasingly populous and globalized world, these types of events and their repercussions are likely to increase. Hence, it is important to ensure that government and private entities cooperate in an attempt to reduce risks of catastrophes.
Document Type: 
Working Paper

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